Neptune Digital Assets (CVE:NDA) Stock Price Up 17.1% - What's Next?

Neptune Digital Assets Corp. (CVE:NDA - Get Free Report) rose 17.1% on Tuesday . The stock traded as high as C$2.37 and last traded at C$2.33. Approximately 860,842 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 1,236,465 shares. The stock had previously closed at C$1.99.

Wall Street Analyst Weigh In

Separately, HC Wainwright raised their price objective on shares of Neptune Digital Assets from C$2.00 to C$3.00 in a research note on Thursday.

Neptune Digital Assets Stock Down 4.8 %

The business has a fifty day moving average of C$1.27 and a 200 day moving average of C$0.73. The company has a quick ratio of 4.84, a current ratio of 70.04 and a debt-to-equity ratio of 1.96. The firm has a market cap of C$304.13 million, a P/E ratio of -8.67 and a beta of 3.25.

Neptune Digital Assets Company Profile

Neptune Digital Assets Corp. builds, owns, and operates digital currency infrastructure assets in Canada. The company stakes and lends various digital currencies. It also engages in the Bitcoin mining, node operations, cryptocurrency staking, and decentralized finance (DeFi) tokens, as well as invests in liquidity mining pools.